Can Developing Nations Avoid Catastrophe?

Advocates for free markets and free enterprise will assert that if political preconditions can be established to nurture these freedoms, prosperity and liberty will increase, and population growth rates will voluntarily decrease in favor of education and career aspirations. The so-called developed nations nearly all have embraced the fundamental principals of free markets and free enterprise and now confront new challenges – how to provide for aging populations, what environmental goals to prioritize, what investments to make in emerging technologies, and how to manage their floating currencies, freewheeling commodities markets, and burgeoning debt. It is important for members of the developed world to understand what a luxury it is to have such challenges.

Using Egypt as an example, this post will present data on their population trends and agricultural production, comparing that to how much of their household income is spent on food, global food prices, and their balance of trade. These hard numbers will underscore how daunting the task may be for many developing nations to emerge economically.

While everywhere in the world the rate of population increase is slowing, in nations like Egypt the projected slowdown in population growth lags well behind the rest of the world. Projections that place the global population maximum occurring sometime between 2030 and 2050, at a total of somewhere between 8.0 and 10.0 billion people, generally view large developing nations such as Egypt, Pakistan, India, Indonesia and Nigeria as the wild cards. How quickly they develop economically is considered the key to [...] Read More